It will also require you to enter the physical address where the majority of your employees work. You can also request detailed pay reports from your previous payroll provider.Īside from payments to employees in the current calendar year, the system will ask you to indicate the date that you plan to run your first payroll in QuickBooks. You can get YTD information from the last payroll that you processed for each employee. Providing information about prior paychecks issued to employees before the beginning of your QuickBooks Payroll subscription is an essential step to ensure that your W-2 forms are accurate come year-end. Note that the system will require you to input year-to-date (YTD) payroll details and tax payments made for each employee later on in the setup.
Newly established businesses that have yet to run their first payroll can select “No” and then click “Next.”
Business bank account information: Aside from the account number, you need the full routing number of the checking account that you will make payroll tax payments and write payroll checks from.
It also offers 401(k), retirement, flexible spending account (FSA), and pay-as-you-go workers’ compensation options. Note that with QuickBooks Payroll, access to health benefits is included in all plans.
How to Manage Credit Card Sales With a Third-party Credit Card Processorīefore you can set up and do payroll in QuickBooks, you need to have both employer and employee details on hand so that the setup can run smoothly. How to Manage Credit Card Sales With QuickBooks Payments How to Reconcile Business Credit Card Accounts How to Manage Downloaded Business Credit Card Transactions How to Enter Business Credit Card Transactions Manually Part 5: Managing Business Credit Card Transactions How to Handle Bounced Checks From Customers How to Transfer Funds Between Bank Accounts How to Manage Downloaded Banking Transactions How to Enter Banking Transactions Manually How to Set Up the Products and Services List How to Set Up Invoices, Sales Receipts & Estimates How to Customize Invoices, Sales Receipts & Estimates